Contract Quarter definition

Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

Contract Quarter is each of the four successive three-month periods in a Contract Year.

Contract Quarter means the three-month periods indicated as the Contract Quarter in Section 1 of the Patent & Technology License Agreement, or any stub period thereof at the commencement of the Agreement or the expiration or termination of the Agreement.

Examples of Contract Quarter in a sentence

• For a period of six years after the Contract Quarter to which the records pertain, Licensee agrees that it and its Affiliates and Sublicensees will each keep complete and accurate records of their Sales, Net Product Sales, Net Service Sales, Milestone Fees, and Non-Royalty Sublicensing Consideration in sufficient detail to enable such payments to be determined and audited.

• Licensee will pay Sublicense Fees indicated in Section 3.1(d) of the Patent License Agreement on or before the Quarterly Payment Deadline for the Contract Quarter.

• On or before each Quarterly Payment Deadline, Licensee will deliver to Licensor a true and accurate report, certified by an officer of Licensee, giving such particulars of the business conducted by Licensee, its Affiliates and its Sublicensees (including copies of reports provided by Sublicensees and Affiliates to Licensee) during the preceding Contract Quarter under the Agreement as necessary for Licensor to account for Licensee’s payments, including royalties, hereunder, even if no payments are due.

• Licensee will pay Milestone Fees indicated in Section 3.1(b) of the Patent License Agreement by the Quarterly Payment Deadline for the Contract Quarter in which the milestone events set forth in Section 3.1(b) of the Patent License Agreement are achieved.

• If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

More Definitions of Contract Quarter

Contract Quarter means the three-month periods ending on March 31, June 30, September 30, and December 31, or any stub period thereof at the commencement of the Agreement or the expiration or termination of the Agreement.

Contract Quarter means each three (3) month period commencing on January 1, April 1, July 1, or October 1, during the term of this Agreement, provided, that the first Contract Quarter shall commence on the Effective Date and end on the last day of the then-existing quarter and the last Contract Quarter shall end on the expiration or termination of this Agreement.

Contract Quarter means the period commencing at 06:00 hours on the first day of a Quarter and ending at 06:00 hours on the first day of the following Quarter, except the first Contract Quarter shall commence at 06:00 hours on the Start Date and end at 06:00 hours on the first day of the following Quarter, and the last Contract Quarter shall end on the date of expiration or termination of this Agreement.

Contract Quarter means a period of three (3) consecutive months with the first Contract Quarter commencing on the Commercial Operation Date and each subsequent Contract Quarter commencing on the date that is every three months thereafter. [For Category 3 Projects utilizing High Hazard Fuel except Projects with a High Hazard Fuel Requirement]

Contract Quarter or “Quarter” shall mean each three (3) consecutive Month period commencing on April 1 and ending on June 30, each three (3) consecutive Month period commencing on July 1 and ending on September 30, each three (3) consecutive Month period commencing on October 1 and ending on December 31 and each three (3) consecutive Month period commencing on January 1 and ending on March 31.

Contract Quarter means any period of three (3) consecutive calendar months commencing with the first day of any January, April, July, or October.

Contract Quarter shall have meaning set forth in Article 2.